Artificial Intelligence
Global Colonoscopy Devices Market to Reach $2 Billion by 2027
New York, July 16, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Colonoscopy Devices Industry” – https://www.reportlinker.com/p05896566/?utm_source=GNW
5 Billion in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. Visualization Systems, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$938.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Colonoscopes segment is readjusted to a revised 4.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $446.6 Million, While China is Forecast to Grow at 6.5% CAGR
The Colonoscopy Devices market in the U.S. is estimated at US$446.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$172.8 Million by the year 2027 trailing a CAGR of 6.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Other Product Types Segment to Record 3.5% CAGR
In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$268.4 Million in the year 2020 will reach a projected size of US$330.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$264.7 Million by the year 2027, while Latin America will expand at a 4.6% CAGR through the analysis period.
Select Competitors (Total 17 Featured)
- FUJIFILM Holdings America Corporation
- GI View Ltd
- HUGER Medical Instrument Co.,Ltd
- KARL STORZ SE & Co. KG
- MECAN MEDICAL EQUIPMENT CO LTD
- Medtronic Plc
- Olympus America
- PENTAX Medical
- Pro Scope Systems
- Sonoscape Medical Corp.
- STERIS Plc
Read the full report: https://www.reportlinker.com/p05896566/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Drop in Colorectal Cancer Screenings due to COVID-19 Crisis
Impacts the Colonoscopy Devices Market
Colonoscopy: The Journey from Conventional Devices to Robotic
Platform
Existing CRC Diagnostic Approaches
Conventional Colonoscopy
CT-Scan/Virtual Colonoscopy
Wireless Capsule Endoscopy (WCE)
Increasing Focus on Magnetically-Driven Robotic Platform
Colonoscopy Devices Market Prospects and Outlook
Regional Market Perspective
Leading Players
WORLD BRANDS
RECENT MARKET ACTIVITY
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Incidence of Colorectal Cancer Spurs Market Growth
Global Cancer Incidence by Region: 2018
Global Cancer Incidence by Type: 2018
Common Cause of Cancer Deaths Worldwide – Number of Deaths due
to Select Types of Cancer for 2018
Colorectal Cancer Mortality and Screening Trends in the US
Percentage Breakdown of New Cases for Colon and Rectum Cancers
by Gender (2019)
Growing Preference for Minimally Invasive Surgeries Drives
Demand for Colonoscopy systems
Aging Population Drives Demand for Colonoscopy Devices
Global Population of 65+ Individuals (In 000s) by Region for
the Years 2015, 2020 & 2025
Colorectal Cancer Burden Gradually Shifts from Older
Individuals to Younger Population
Increasing Healthcare Expenditure to Foster Growth
World Healthcare Expenditure (In US$ Trillion) for the Years
2016 & 2018
Per Capita Healthcare Expenditure (in $) by Select Countries
for 2018
Recent Technological Advancements and Launches Drive Market Growth
Prepless, Ingestible Imaging Capsule to Screen Colorectal Cancer
Artificial Intelligence to Hold Instrumental Role in Timely
Identification of Colorectal Cancer during Colonoscopy
Invendo Medical Develops Single-use Invendoscope SC200 with OEM
Peristaltic Pumps
SMART Medical Systems Introduces G-EYE® 760R Colonoscope in Europe
Fujifilm Europe Launches CAD EYE Function for Real-Time
Identification of Colonic Polyp during Colonoscopy
Motus GI Introduces Pure-Vu GEN2 Colon Cleansing System for
Colonoscopy Bowel Preparation
Demand Increases for Colon Capsules
World Capsule Endoscopy Market by Product Segment (%): 2019E
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Colonoscopy
Devices by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Colonoscopy Devices by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for Colonoscopy Devices by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2012, 2020 & 2027
Table 4: World Current & Future Analysis for Visualization
Systems by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Visualization Systems by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 6: World 15-Year Perspective for Visualization Systems by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 7: World Current & Future Analysis for Colonoscopes by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR
Table 8: World Historic Review for Colonoscopes by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR
Table 9: World 15-Year Perspective for Colonoscopes by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 10: World Current & Future Analysis for Other Product
Types by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR
Table 11: World Historic Review for Other Product Types by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 12: World 15-Year Perspective for Other Product Types by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 13: World Current & Future Analysis for Hospitals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR
Table 14: World Historic Review for Hospitals by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR
Table 15: World 15-Year Perspective for Hospitals by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 16: World Current & Future Analysis for Diagnostic
Centers by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR
Table 17: World Historic Review for Diagnostic Centers by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 18: World 15-Year Perspective for Diagnostic Centers by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 19: World Current & Future Analysis for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR
Table 20: World Historic Review for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 21: World 15-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
UNITED STATES
Rising Incidence of Colorectal Cancer Cases Spurs Growth in
Colonoscopy Devices
Estimated Number of New Cancer Cases and Deaths in the US (2019)
Table 22: USA Current & Future Analysis for Colonoscopy Devices
by Product Type – Visualization Systems, Colonoscopes and Other
Product Types – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR
Table 23: USA Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 24: USA 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 25: USA Current & Future Analysis for Colonoscopy Devices
by End-Use – Hospitals, Diagnostic Centers and Other End-Uses –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR
Table 26: USA Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 27: USA 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
CANADA
Number of New Cancer Cases in Canada: 2019
Table 28: Canada Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 29: Canada Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 30: Canada 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 31: Canada Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 32: Canada Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 33: Canada 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
JAPAN
Graying Population Spurs Growth Prospects
Japanese Elderly (65+ Years) Population: 2000-2022
Table 34: Japanese Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027
Table 35: Japanese Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019
Table 36: Japanese 15-Year Perspective for Colonoscopy Devices
by Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 37: Japanese Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027
Table 38: Japanese Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019
Table 39: Japanese 15-Year Perspective for Colonoscopy Devices
by End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
Table 34: Japan Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 35: Japan Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 36: Japan 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 37: Japan Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 38: Japan Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 39: Japan 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
CHINA
Rising Incidence of Cancer to Drive the Colonoscopy Devices Market
Number of New Cancer Cases Diagnosed (in Thousands) in China: 2019
Table 40: China Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 41: China Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 42: China 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 43: China Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 44: China Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 45: China 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
EUROPE
Rising Colon Cancer Incidence Augur Well for European
Colonoscopy Devices Market
Cancer Incidence in Europe: Number of New Cancer Cases
(in Thousands) by Site for 2018
Number of New Cancer Cases Diagnosed (in Thousands) in the UK:
2018
Table 46: Europe Current & Future Analysis for Colonoscopy
Devices by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR
Table 47: Europe Historic Review for Colonoscopy Devices by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 48: Europe 15-Year Perspective for Colonoscopy Devices by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2020 & 2027
Table 49: Europe Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 50: Europe Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 51: Europe 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 52: Europe Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 53: Europe Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 54: Europe 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
FRANCE
Table 55: France Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 56: France Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 57: France 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 58: France Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 59: France Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 60: France 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
GERMANY
Table 61: Germany Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 62: Germany Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 63: Germany 15-Year Perspective for Colonoscopy Devices
by Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 64: Germany Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 65: Germany Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 66: Germany 15-Year Perspective for Colonoscopy Devices
by End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
ITALY
Table 67: Italy Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 68: Italy Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 69: Italy 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 70: Italy Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 71: Italy Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 72: Italy 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
UNITED KINGDOM
Table 73: UK Current & Future Analysis for Colonoscopy Devices
by Product Type – Visualization Systems, Colonoscopes and Other
Product Types – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR
Table 74: UK Historic Review for Colonoscopy Devices by Product
Type – Visualization Systems, Colonoscopes and Other Product
Types Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR
Table 75: UK 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 76: UK Current & Future Analysis for Colonoscopy Devices
by End-Use – Hospitals, Diagnostic Centers and Other End-Uses –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR
Table 77: UK Historic Review for Colonoscopy Devices by End-Use –
Hospitals, Diagnostic Centers and Other End-Uses Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR
Table 78: UK 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
SPAIN
Table 79: Spain Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 80: Spain Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 81: Spain 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 82: Spain Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 83: Spain Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 84: Spain 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
RUSSIA
Table 85: Russia Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 86: Russia Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 87: Russia 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 88: Russia Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 89: Russia Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 90: Russia 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
REST OF EUROPE
Table 91: Rest of Europe Current & Future Analysis for
Colonoscopy Devices by Product Type – Visualization Systems,
Colonoscopes and Other Product Types – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR
Table 92: Rest of Europe Historic Review for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types Markets – Independent Analysis of
Annual Sales in US$ Thousand for Years 2012 through 2019 and %
CAGR
Table 93: Rest of Europe 15-Year Perspective for Colonoscopy
Devices by Product Type – Percentage Breakdown of Value Sales
for Visualization Systems, Colonoscopes and Other Product Types
for the Years 2012, 2020 & 2027
Table 94: Rest of Europe Current & Future Analysis for
Colonoscopy Devices by End-Use – Hospitals, Diagnostic Centers
and Other End-Uses – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 95: Rest of Europe Historic Review for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2012 through 2019 and % CAGR
Table 96: Rest of Europe 15-Year Perspective for Colonoscopy
Devices by End-Use – Percentage Breakdown of Value Sales for
Hospitals, Diagnostic Centers and Other End-Uses for the Years
2012, 2020 & 2027
ASIA-PACIFIC
An Insight into Asia-Pacific Market for Colonoscopy Devices
Cancer Incidence in Asia: Number of New Cancer Cases
(in Thousands) for 2019
Table 97: Asia-Pacific Current & Future Analysis for
Colonoscopy Devices by Geographic Region – Australia, India,
South Korea and Rest of Asia-Pacific Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2020 through
2027 and % CAGR
Table 98: Asia-Pacific Historic Review for Colonoscopy Devices
by Geographic Region – Australia, India, South Korea and Rest
of Asia-Pacific Markets – Independent Analysis of Annual Sales
in US$ Thousand for Years 2012 through 2019 and % CAGR
Table 99: Asia-Pacific 15-Year Perspective for Colonoscopy
Devices by Geographic Region – Percentage Breakdown of Value
Sales for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2012, 2020 & 2027
Table 100: Asia-Pacific Current & Future Analysis for
Colonoscopy Devices by Product Type – Visualization Systems,
Colonoscopes and Other Product Types – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR
Table 101: Asia-Pacific Historic Review for Colonoscopy Devices
by Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 102: Asia-Pacific 15-Year Perspective for Colonoscopy
Devices by Product Type – Percentage Breakdown of Value Sales
for Visualization Systems, Colonoscopes and Other Product Types
for the Years 2012, 2020 & 2027
Table 103: Asia-Pacific Current & Future Analysis for
Colonoscopy Devices by End-Use – Hospitals, Diagnostic Centers
and Other End-Uses – Independent Analysis of Annual Sales in
US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 104: Asia-Pacific Historic Review for Colonoscopy Devices
by End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 105: Asia-Pacific 15-Year Perspective for Colonoscopy
Devices by End-Use – Percentage Breakdown of Value Sales for
Hospitals, Diagnostic Centers and Other End-Uses for the Years
2012, 2020 & 2027
AUSTRALIA
Table 106: Australia Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 107: Australia Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 108: Australia 15-Year Perspective for Colonoscopy
Devices by Product Type – Percentage Breakdown of Value Sales
for Visualization Systems, Colonoscopes and Other Product Types
for the Years 2012, 2020 & 2027
Table 109: Australia Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 110: Australia Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 111: Australia 15-Year Perspective for Colonoscopy
Devices by End-Use – Percentage Breakdown of Value Sales for
Hospitals, Diagnostic Centers and Other End-Uses for the Years
2012, 2020 & 2027
INDIA
Table 112: India Current & Future Analysis for Colonoscopy
Devices by Product Type – Visualization Systems, Colonoscopes
and Other Product Types – Independent Analysis of Annual Sales
in US$ Thousand for the Years 2020 through 2027 and % CAGR
Table 113: India Historic Review for Colonoscopy Devices by
Product Type – Visualization Systems, Colonoscopes and Other
Product Types Markets – Independent Analysis of Annual Sales in
US$ Thousand for Years 2012 through 2019 and % CAGR
Table 114: India 15-Year Perspective for Colonoscopy Devices by
Product Type – Percentage Breakdown of Value Sales for
Visualization Systems, Colonoscopes and Other Product Types for
the Years 2012, 2020 & 2027
Table 115: India Current & Future Analysis for Colonoscopy
Devices by End-Use – Hospitals, Diagnostic Centers and Other
End-Uses – Independent Analysis of Annual Sales in US$ Thousand
for the Years 2020 through 2027 and % CAGR
Table 116: India Historic Review for Colonoscopy Devices by
End-Use – Hospitals, Diagnostic Centers and Other End-Uses
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2012 through 2019 and % CAGR
Table 117: India 15-Year Perspective for Colonoscopy Devices by
End-Use – Percentage Breakdown of Value Sales for Hospitals,
Diagnostic Centers and Other End-Uses for the Years 2012, 2020 &
2027
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Artificial Intelligence
Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform. QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR HUD screen, when having some down time.
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Artificial Intelligence
Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.
The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™. Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies. GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance. Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Artificial Intelligence
Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy), Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India), and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Related Reports:
Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
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Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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